Wednesday, September 10, 2008

Babil - Dh 50bn residential development from Dubai Properties

During an exclusive event held in Paris recently, Dubai Properties showcased sale of its latest residential development, 'Babil', worth Dh.50bn, at Culture Village.

This uniquely designed six storey residential building, offers 159 residential units in an old souq area. The event highlighted the key aspects of Babil, and invited high-end European investors as audience at the Ritz Hotel in Paris.

The event follows the successful launch of the development at Harrod's in London, where Babil had drawn considerable investor interest.

Culture Village spans over 40million square feet, featuring vast open spaces, traditional wind towers, unique sculptures, cobble stone walkways, waterways topped with bridges, restaurants, creek side souks, cafes, amphitheatre for live performances and cultural festivals, exhibition hall and museums.

The development also includes serene residential communities, vibrant commercial and retail sectors, schools, academic institutions, art colleges and learning centers for dance and crafts.
The main focus is the 215-suite Palazzo Versace Dubai, which sprawls over 429,509 square feet of prime land, comprising 220 condominiums, spa, restaurants, and 204 luxury villas furnished with an exclusive line of products from Versace Home Collection.

A premium waterfront development, with unobstructed views of the Creek, the resort is scheduled for opening in 2009.

Dubai Properties includes a wide portfolio of residential, commercial and mixed-use developments such as the Business Bay, Jumeirah Beach Residence, The Villa and Tijara Town.

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